Got into this trade because there was a engulf pattern and also there was a pin bar. Taking 0.25% risk and 1:2 RR on this setupā¦
This pair is ranging from last January 2016. Just figured out it formed a pin bar and engulf candle. Risking 0.25% on this trade and 1:1.4 RR, Iām going for a long placing stop below the pinbar.
increased the TP from 1:1.58 to 1:3. Because it seems the price is more likely to move further downside. Once it moves 1:1, Iāll put my SL back to BE.
I am excited about this thread. I mostly swing trade using price action and S/R. I would love to learn fron others that do the same. Looks like you found a lot of good setups today.
What do your red boxes signify? S/R?
Welcome to this thread. Iām also learning and trying to implement different concepts in trading. Please feel free to post your charts as well as setups with usā¦
Those are actually both S&R. I mark those to identify potential S&R easily by looking at a glance.
SL HITā¦ 0.26% loss.
Moved SL to +178 pips (+0.35%) and TP to +509 pips (+1.0%)ā¦ Letās see how this ends upā¦ Enjoying the rideā¦
SL Hitā¦ (-0.27%) loss.
Moved my SL closer to BE. Because I want to ride to that swing and I donāt want to be stopped out by SLā¦ Now the risk of this trade is 0.06% and profit target is 0.42%ā¦
Iām not a big fan of trading range, but this setup caught my eyeā¦ Risking only 0.15% or my account and targeting 0.27% for this setupā¦ RR is 1:1.68ā¦ Iāll move my SL to BE as soon as I see some downward thrust.
This is a very large range where is much easier to make some $$
, i like this trade inipious.
Letās make some pips togetherā¦ And share your charts if you have any trading ideas.
SL Hitā¦ 0.82% Gain
Guys, price and swing trading is the answer to your prayersā¦you are in the good track
But, i tell you, a better market for this is and always will be the stock market
The Forex Markets is much more complicated
A lot of experience here.
By the way, good luck with your system, lets see if the profile in myfxbook with this strategy is still alive after one yearā¦I wish you the best luck